Barclays (LON:BARC) analyst Julian Mitchell maintained a Buy rating on Parker Hannifin on Sunday, setting a price target of $217, which is approximately 11.03% above the present share price of $195.45.
Mitchell expects Parker Hannifin to post earnings per share (EPS) of $2.86 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Parker Hannifin, with an average price target of $185.54.
The analysts price targets range from a high of $219 to a low of $150.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.7 billion and a net profit of $522.28 million. The company's market cap is $25.06 billion.
According to TipRanks.com, Barclays analyst Julian Mitchell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.1% and a 66.95% success rate.
Parker-Hannifin Corp (NYSE:PH). engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers products to original equipment manufacturers. The Aerospace Systems segment supplies aftermarket services, commercial transports, engines, helicopters, military aircraft, missiles, and unmanned aerial vehicles. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.